Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Perea area can be challenging. Home prices in Perea are now at a median cost of $54,433, lower than the New Mexico average of $199,923.
The average cost of rent is $916/mo in Perea, primarily driven by the current value of real estate in the Perea area. While nearly 87.15% of residents own their homes outright in Perea, 39.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Perea is $5,914 per month. Households that rent pay about 15.49% of their income on rent here. Perea's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Jamestown, NM: higher priced homes
- Church Rock, NM: less expensive homes
- Fort Wingate, NM: less expensive homes
- Navajo Wingate Village, NM: less expensive homes
- Rehoboth, NM: less expensive homes
- Pinedale, NM: higher priced homes
- Rock Springs, NM: higher priced homes
- Mariano Lake, NM: higher priced homes
- Gallup, NM: higher priced homes
- Coolidge, NM: equally priced homes
Cities with Similar Populations
- St. Anthony, IA: higher priced homes
- Hautala Corner, MI: higher priced homes
- Snoddy, AL: higher priced homes
- South Woodville, ME: higher priced homes
- Speaks, TX: higher priced homes
- Springbrook, OR: higher priced homes
- Springdale, IA: higher priced homes
- Springdale, MT: higher priced homes
- Sprule, KY: higher priced homes
- Hastain, MO: higher priced homes
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